Becoming a CEO: Your Blueprint to Corporate Success: IM Podcast Featuring Scott Miller

September 14

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Ever dream of standing at the helm, guiding a company’s destiny? Imagined yourself Becoming a CEO, shaping visions into realities?

Maybe you’ve felt that rush of leadership coursing through your veins. Or perhaps it’s just an inkling whispering in your ear, “You’re meant for more.”

We get it because we’ve been there and more importantly, so has Scott Miller.

This journey is not about mere titles or corner offices; It’s about transforming ideas into impact and teams into dynamos. But how do you ascend those dizzying heights?

You’re on the right path by being here today. In this post, we’ll unveil insights about key steps to becoming a CEO: From education requirements to developing vital leadership skills, gaining experience and mastering strategic thinking.

So, are you set to seize the golden chance? Let’s explore this further together.

Table of Contents:

The Path to Becoming a CEO

So, you’ve got your eyes set on the top seat? Gaining the title of CEO is a complex yet gratifying pursuit. As Scott Miller would tell you from his own journey, it’s not an overnight process. It takes vision, persistence, and plenty of hard work.

A recent episode of “The Investor Mindset – Name Your Number Show” featured Scott Miller sharing insights about his early ambition to become a CEO and run a business by age 42—a goal he successfully achieved.

Becoming a Visionary Leader

Let’s start with this: A successful career path to becoming a CEO begins with vision—seeing where you want to go before taking that first step. Consider it as plotting your destination in the GPS before starting the car.

Your vision should align with what excites you professionally—the industry or field that stirs up passion within you—and motivates your every move towards attaining that coveted position. This is precisely how Miller charted his course in the beverage industry over three decades ago.

Taking Steps Towards Your Goal

Moving forward requires action. Think about climbing stairs; each step brings us closer to our desired floor level. Similarly, steps toward becoming a CEO involve gaining relevant experience, acquiring knowledge through education or training programs—all while demonstrating leadership abilities at every opportunity.

You’ll also need patience since these steps can take years—even decades—to accomplish fully. But remember this: slow progress still gets us ahead than no progress at all.

Fulfilling Roles and Responsibilities

Just like a skilled orchestra conductor, the CEO needs to coordinate various parts of an organization into harmony. From setting strategic goals, making key business decisions to representing the company in front of stakeholders—the role is all-encompassing.

In essence, you’re expected to be a multi-talented performer who can juggle multiple responsibilities with ease. So it’s vital to get comfortable wearing many hats as early as possible in your career journey.

Making Sacrifices Along The Way

Going after something meaningful often means giving things up, like your personal time.

Key Thought: Chasing the CEO dream? It’s a journey that needs vision, action, leadership skills and sacrifices. Start by finding your passion, then work towards gaining experience and knowledge. Be patient – it can take years. As you progress, get used to juggling multiple roles in harmony.

Education and Qualifications for CEOs

The journey to the top of a corporation isn’t only about gaining work experience or honing leadership skills. An essential part of this journey is the education that potential CEOs get, shaping their knowledge base and decision-making capabilities.

An undergraduate degree, often in business administration or a related field, provides an aspiring CEO with foundational understanding of how businesses operate. This foundation is crucial because it lets them grasp key concepts such as finance, marketing, operations management, and strategic planning – all vital elements within the role of a CEO.

But having an undergraduate degree alone may not be enough. Many successful CEOs also have advanced degrees from prestigious institutions. For instance, they might hold MBAs from Ivy League schools like Harvard Business School which are known for their rigorous curriculum and extensive networking opportunities.

Ivy League Education for CEOs: A Golden Ticket?

In many cases, attending an Ivy League school seems to provide a sort-of golden ticket on one’s path towards becoming a CEO. But why so? Is it simply about prestige?

Apart from providing high-quality education backed by renowned faculty members and comprehensive curriculums, studies suggest that networking opportunities at these institutions play pivotal roles too. This makes sense when you think about it – who better to learn from than people already holding powerful positions in various industries? These connections can prove invaluable throughout your career progression.

The Role of Advanced Degrees in Shaping Successful CEOs

If you’re aiming for those corner offices, an advanced degree like an MBA can help you stand out. An MBA provides not only a thorough understanding of business operations, but also equips students with the leadership and strategic thinking skills necessary for CEOs.

Through case studies, simulations and projects, MBA students are given the opportunity to hone their skills in solving real-world problems. They learn how to make critical decisions under pressure – a daily occurrence in the life of any CEO.

The Importance of Continuous Learning for CEOs

Becoming a CEO isn’t only about having the right degrees or attending top schools. It’s also about being committed to continuous learning and staying updated with the latest industry trends and developments.

Key Thought: Becoming a CEO is more than just climbing the corporate ladder; it’s about shaping your knowledge through education and constant learning. From earning an undergraduate degree in business-related fields to securing advanced degrees like MBAs from top institutions, you’re laying the groundwork for decision-making prowess. Yet, remember: never stop learning because industry trends change constantly.

Developing Leadership Skills

Leadership is a crucial trait for CEOs, but it’s more than just issuing orders. It involves the ability to inspire and motivate your team towards achieving common goals.

The Importance of Team Building

A CEO with strong leadership traits understands that an organization is only as good as its team. They recognize the value in building up their staff members’ skills, helping them reach their full potential.

One such example of this is Scott Miller, who at age 42 had already achieved his early vision – becoming a CEO. As detailed in his podcast interview on The Investor Mindset – Name Your Number Show [$], he emphasized how critical effective leadership and team building were to his success.

Nurturing Strong Leadership Traits

In addition to fostering teamwork, successful CEOs also need personal attributes like resilience, decisiveness, adaptability among others. But these qualities don’t appear overnight; they require conscious effort and commitment to cultivate over time.

To become effective leaders contributing significantly to organizational success takes practice – akin to mastering an instrument or perfecting your golf swing. You wouldn’t expect virtuosity after one piano lesson or a hole-in-one after hitting few balls around.

Fostering Emotional Intelligence

Beyond strategic thinking capabilities and business acumen lies another essential element: emotional intelligence (EQ). A high EQ helps CEOs build empathy within their teams which results in stronger relationships throughout the company’s structure.

Critical Thinking & Problem Solving

Leadership skills for CEOs also encompass the ability to think critically and solve problems effectively. In an ever-changing business landscape, being able to swiftly assess situations and make informed decisions is key.

The Role of Continuous Learning

Just as a professional athlete continually hones their physical abilities, aspiring CEOs need to maintain a mindset of continuous learning. This involves staying abreast with latest industry trends, attending relevant workshops or seminars and seeking mentorship when necessary.

Mentorship & Networking

A good CEO recognizes that they don’t have all the answers – but someone else might.

Key Thought: Building leadership skills is vital for a CEO. It’s about inspiring your team, not just giving orders. Like mastering an instrument or perfecting your golf swing, cultivating traits like resilience and adaptability takes practice.

Building a solid team means seeing the worth in every person and giving them a hand to hit their peak. Push for emotional smarts, it’s key to nurturing understanding among us all.

Gaining Work Experience

Work experience is a stepping stone for aspiring CEOs. It’s like a puzzle, where each piece represents skills and knowledge gained over time. To complete the picture of becoming a CEO, you need to gather all those pieces together.

Scott Miller, an industry veteran with 30 years of experience in the beverage industry, understands this well. He started as an executive before rising to become CEO.

The Value of Executive Experience

A critical aspect in your journey up the corporate ladder is gaining executive experience. This stage lets you dip your toes into strategic decision-making processes essential for every CEO.

In Scott’s case, his executive stint gave him invaluable insights about business operations from top to bottom – from managing teams on the ground level to making crucial decisions at board meetings.

  • Climbing the Corporate Ladder:
  • To ascend through ranks isn’t easy; it demands resilience and adaptability – traits that come in handy when leading large organizations as CEOs do.
  • Becoming management material:
  • This isn’t just about handling projects or meeting targets but also guiding teams towards achieving collective goals – akin to conducting an orchestra.
  • You’ll understand better how different departments function, which will be beneficial when wearing multiple hats as a future CEO.

Past Performance Matters: Track Records Speak Volumes

  • Your past work experience can often predict your future performance as a CEO. It’s like reading tea leaves – the patterns you’ve shown in past roles provide insight into how you might perform when at the helm.
  • For instance, if you have successfully turned around struggling departments or companies, it signals that you possess strong leadership skills and strategic thinking capabilities necessary for being an effective CEO.

Scott Miller, too, had proven his mettle before taking up the role of a CEO. His track record was instrumental in establishing him as a CEO candidate.

Key Thought: Work experience is the puzzle pieces to becoming a CEO, each representing skills and knowledge. Gathering these together forms your CEO picture. Climbing the corporate ladder isn’t easy but it molds resilience and adaptability, key traits for leading large organizations. Remember: past performance often predicts future success as a CEO.

Communication and Relationship Building

As a CEO, your ability to communicate effectively is not just an advantage—it’s essential. It impacts everything from internal operations to the way you interact with external stakeholders.

A study on Scott Miller’s journey of transformation and leadership revealed that his exceptional communication skills played a vital role in his success as a CEO by the age of 42.

Board Members and CEO Communication

The dynamic between CEOs and board members can be tricky, but good communication helps bridge any gaps. As a leader, you need to ensure clear lines of conversation are always open.

Critical updates should be shared promptly, ensuring everyone stays informed about organizational successes or challenges. Remember, no news isn’t necessarily good news when it comes to business.

Developing a Strong Leadership Team

Becoming successful doesn’t happen in isolation—you’ll need strong relationships with those around you. Forging bonds with your team requires more than being their boss; they have to see you as their leader too.

  • You lead by example—show them what ‘good’ looks like so they can emulate it themselves.
  • Foster an environment where ideas are encouraged—not only does this promote creativity but also builds trust within the team.
  • Nurture growth among individuals—personal development leads directly back into professional achievement.

Gaining Work Experience

Note: Experience speaks volumes. Scott Miller gained over 30 years of experience in the beverage industry before stepping into his CEO role.

Building up a robust portfolio of experience gives you the practical knowledge to make sound decisions. You’ll understand how different parts of your organization function and can then guide it more effectively towards its goals.

By reflecting on errors from the past, you can ensure that similar mistakes are not made again. Experience really is one of life’s best teachers.

The Value of Executive Experience

Moving up in the business world needs grit and grind, but remember to have patience too. You need time to hone your skills, gain wisdom, and forge bonds that’ll help you on your path towards growth.

Key Thought: Mastering communication and building relationships are crucial as a CEO. This helps manage internal operations, external stakeholders, and the relationship with board members. Develop a strong leadership team by leading by example, fostering creativity, nurturing growth among individuals. Remember: Experience is invaluable. It equips you with practical knowledge for sound decision-making and offers lessons from past mistakes.

Strategic Thinking and Vision

Becoming a CEO is not just about reaching the top; it’s also about envisioning what that summit looks like. It’s about strategic thinking, mapping out your route to success, anticipating obstacles along the way, and being able to adapt when conditions change.

Aim High but Start with Baby Steps

To get started on this path of becoming a CEO or entrepreneur in any industry, one must first learn how to think strategically. This involves setting long-term goals while focusing on immediate tasks at hand. Think of it as climbing Mount Everest: you don’t simply leap from base camp to the peak – you have smaller camps set up along the way where you can rest, reassess your situation and plan for future stages.

In business terms, these ‘camps’ could be career milestones such as gaining management experience or completing an MBA program – each step bringing us closer towards our goal.

As we progress through our careers toward becoming CEOs or entrepreneurs – whether within established companies or startups – challenges will arise that require critical thinking skills for effective problem-solving. This requires creativity and innovation which are essential components of the strategic thought process.

This means assessing situations from different angles, understanding their impact on various stakeholders (employees, investors, etc.), considering potential outcomes based on actions taken today… all before making decisions designed to move us forward rather than holding us back.

The Power of Visualization in Achieving Success

Vision plays an integral role too – having a clear picture in mind helps direct all efforts towards achieving that end-goal. But vision doesn’t mean daydreaming without action; it’s more akin to a guiding light illuminating the journey ahead so there’s no confusion regarding the destination.

Consider Scott Miller’s journey, as detailed in The Investor Mindset – Name Your Number Show. He had a longing to be the head honcho of his own company from an early stage. That vision helped him map out his path, navigate the corporate landscape, and ultimately achieve his goal by the age of 42.

Key Thought: Becoming a CEO isn’t just about big-picture thinking, it’s also about nailing the details. You’ve got to set your sights on long-term targets while not losing sight of immediate ‘camps’, like gaining management know-how or an MBA. On this path, you’ll face hurdles that need fresh ideas and sharp thinking to overcome. But remember, keeping your ultimate goal in focus steers all your efforts.

FAQs in Relation to Becoming a Ceo

What does it take to become a CEO?

To climb the corporate ladder, you’ll need solid education, leadership skills, extensive work experience, and stellar communication abilities. It’s also crucial to develop strategic thinking and vision.

Can you become a CEO at 25?

Becoming a young CEO is possible but uncommon. Most CEOs have years of industry experience under their belt before landing the top job.

What is the best degree to become a CEO?

A business-related undergraduate degree or an MBA can pave your path towards becoming a successful CEO.

Do you need an MBA to be a CEO?

An MBA isn’t required for all CEOs but many find that it gives them key insights into running large organizations effectively.

Conclusion

Becoming a CEO isn’t an overnight journey, but one that demands commitment, patience and strategic moves.

Education is key. An Ivy League degree might not be the only ticket to success, but it surely gives you a head start.

You can’t overlook leadership skills either. Fostering team spirit and honing your communication abilities are integral parts of this role.

The climb up the corporate ladder calls for ample work experience; managerial roles help prepare you for top-level responsibilities.

Lastly, never underestimate the power of vision and strategy – they’re crucial in steering any company towards growth and success.

Becoming a CEO is not for the faint of heart, it requires serious focus and a mindset but the payoff is huge. It’s a title that carries a lot of weight and responsibility that comes with that.

If you can envision yourself in that position and are ready to take the steps to lay down your path to become a CEO – try high performance coaching with Steven Pesavento and develop the high performance business mindset necessary for such a prestigious role.

Becoming a CEO: Your Blueprint to Corporate Success: IM Podcast Featuring Scott Miller Transcription:

Scott Miller [00:00:00]:

Now you start to see our organization say, hey. I believe in this. It's real.

Steven Pesavento [00:00:04]:

There hasn't been an environment where that cultural belief was real. They shared that fear. They shared that feeling. They shared that thing they weren't good at, and they got penalized for it. They got in trouble. They got whatever the consequences were. But once you can start creating that safety in a one on one connection, in a group connection as a full team, you start seeing a shift happening. Welcome to the name of your number show presented by the investor mindset. I'm Steven Pessavento, and I'm excited to have in the studio today, Scott Miller. How you doing today, Scott?

Scott Miller [00:00:39]:

Been great, Steve. How you doing? How's everything? It's not here to be here with you.

Steven Pesavento [00:00:43]:

I'm doing phenomenal. I just got back from a great trip to the Smoky Mountains and, couldn't think of a better thing to do in my first day back than diving into you because you just wrote a new book the summit mindset and as a guy who loves mindset and loves growth, I know we're gonna have some really good things to talk about today.

Scott Miller [00:01:00]:

Absolutely. I look forward to talking about both business and life. So I look forward to getting started.

Steven Pesavento [00:01:05]:

Yeah. So it's fascinating because you've had 30 years in the beverage industry. You've been know, executive. You've grown businesses. You've done a lot of things. Kinda looking back, what was the first thing that you name? That first target, the first thing that you're really going after, in in that pursuit of kinda creating a better life?

Scott Miller [00:01:23]:

Nah. Great question. I have to tell you, Steve. It actually goes back to my mid twenties. I lost my dad. Early in life. And on his deathbed, he basically said to me, I'm sorry. And I said, what are you sorry for? He said, I should have tried harder And it kinda seared right through me. I felt that was a real interest in my life. Like, okay. I'm gonna make that weakness of yours, my strength. And we grew up very humble beginnings, you know, very poor. And I really just set out that said, I'm gonna really go after everything I want in my life, and I'm gonna read a vision. I'm gonna do the reps every day, and I really start to really go back and write whiteboard my life and decide, hey. Wanna be a CEO someday. I wanna run a business. So that was my earliest, really, intersectional life, and I think we all have those intersections, and it's what we do with them. Right?

Steven Pesavento [00:02:10]:

Yeah. It really is. I I find that it's in those moments of difficulty and challenge that some of our greatest wisdom comes up. Right? It's it's in that moment that you hear this this this message from your father and you realize, oh, well, there there's another level to this game and I wanna play it. Why CEO? Why did you wanna run businesses?

Scott Miller [00:02:33]:

You know, I felt that I always loved business. I loved, you know, it felt like a competitive environment. It felt like something where you can see a lot of talent around. You can see people. And you can also have this kind of progression on where you go and what you do. And it's really, what I've always loved, I've it's been kind of in my soul, kind of that entrepreneurial spirit. And, I was blessed to really start on the warehouse floor at Pepsi and saw a lot of great people in the Pepsi organization and had a vision for what I wanna do. So I've always kind of had a learner's mindset, and I think today We all gotta keep evolving, right, because we gotta keep changing as the world changes in, I believe, leaders or learners. So it's always been my passion I remember going through, got a couple employee reviews and boss is saying to me, what do you wanna do? And I said, I wanna be a CEO, and they said, is only one of those jobs. So while I continued on that path doing the reps every day, and by the age of forty two, I became a CEO I've been an operating CEO for about 20 years now. And I have to tell you, it's been an honor. It's been a real privilege to to lead people and be part of a team and be a teammate with others.

Steven Pesavento [00:03:35]:

What do you think separates the people who are focused on growth who are focused on on having that vision on learning on putting that line in the sand versus those people who just never quite make it. What's different about those people?

Scott Miller [00:03:51]:

It's really interesting. I think that sometimes humans, we believe things should be a straight line And when they're not a straight line and we fall off, we just stop. And I think those folks that continue to go through things, anyone's successful through a great deal of adversity in life, and it's ability to have a north star. What are you in pursuit of? And then knowing it's not a straight line and continue to go after that north star. When you get snowed in, you gotta go up the backside and keep going. And it it's the consistency that really is a separator. I think that one word, consistency over time is a true separator. That really starts to close the gaps on everything you wanna achieve in life.

Steven Pesavento [00:04:31]:

Yeah. Because when you're not consistent, when you're not staying in the game, when you're not getting those reps, you're missing that opportunity to have that win to create the momentum to keep going.

Scott Miller [00:04:41]:

Absolutely. And you're, you know, when you stop learning, you give up and you you don't put the ball back in play. And I believe that's what life is. Right? Every day is not a great day. Things go wrong for all of us. Some days, I'm great at things other days. I stink that thing, but how do you put things back in play and continue after that, North Star, whatever you're in pursuit of in life? I think that's really the human experience. It's the greatest part of it that, you know, to be in pursuit keeps us all stimulated.

Steven Pesavento [00:05:06]:

Yeah. Well, you you've you're clearly at a point where you've made it in many people's eyes. You've been a CEO. You've built companies. You're building new companies today. When it comes to that life, when it comes to that pursuit of greatness, of of a great life, what do you really want from your life now? What what's the the chapter that you're building towards and why is that really important to you?

Scott Miller [00:05:30]:

I think it's It's an excellent question. I think what I want in my life is what I've always really wanted to continue to evolve. Right? I think that it's not just business. It's who I am as You know, I have 4 pillars of my life, my faith, my family, others, and business. And I wanna continue involving all those things. And if you ask me, what I wanna be. I just wanna be the best human I can be, and that doesn't mean perfect. This means progress. So when I have those pillars, I toggle between them. Some of the upside down or inside out, but I'm always making adjustments and continue to involve and really have a learner's mindset. I think the last part here, Steve, is, look, We can learn from everybody. I'll learn from you today. We'll learn from our neighbors. There's always someone that knows something we don't know. And when we take that approach and that learner's mindset, we do continue to look for improvement and start to really happen naturally. So to answer your question, I just wanna continue on the journey and be the best I can be and Some days are better than others.

Steven Pesavento [00:06:26]:

And how do you know that you that you're you're staying on that line towards that growth? Like, what's the what's the metric? How do you measure that when it comes to growth?

Scott Miller [00:06:37]:

Yeah. Again, I think that when you look at organizations and people, it's always an inside app job. And I think what humans don't like to do is talk about what they stink at. We all like to talk about what we're good at and what we enjoy. We don't like to talk about what we stink at. Organizations departments don't like to talk about what they stink at. They like to talk about how they perform well, but I believe the in site job is about always recalibrating. Now when you know what your north star is and you understand what your pillars are, you basically kinda set the road map on where you wanna run your car. And, of course, when you go off course, as we all do, how you recalibrate, get back in line. In business, I always say, let's review the tape. Let's talk about what we could do better. Is our supply chain broken? Is our finance team broken? Is our marketing team broken? And as a human, What can we do better? What are our pillars? What do we stand for? You know, I think a lot of times I hear folks say when I interview people, probably like yourself through life, Hey. Tell me a little bit about Steven. He'll say, well, you know, I'm a good guy. I'm a hardworking. I'm a family guy. Well, we can close our eyes. We could all say that. But who actually is Steven and what does he stand for? And that's why when I've run organizations, the first question I asked, do we have a nurse star? What's our purpose? You know, what is the work we have to do? And what do we stink at? So I think that's really what keeps you going and kinda keeps you recalibrating. And I think that's when we know that, again, it's not about perfection. It's just about making progress, right, and recalibrating, like, watch a sporting event. How do you put the ball back in play? I think we need to do that organizationally, and I think as humans, we need to do that. And I think that's when organizations feel more fulfilled than so do individuals?

Steven Pesavento [00:08:19]:

When it comes to this book that you wrote, the summit mindset, You know, you've obviously had a lot of success. You're you're building a new company. We can talk about that as well. Why take the time to sit down and and write a book in today's day and age? There's so many books out there. There's so much information what inspired you to sit down and take that wisdom and knowledge that you had and share with the world?

Scott Miller [00:08:48]:

Yeah. I think that I got to the point of my life. I'm sixty years old today, and I every decade of my life, if I look back and reflect on it, I've had a great deal of personal diversity. I've had business and I felt that I wanna leave something for people to reflect on and think about. And that's really what the summit mindset is. It's a book that a CEO could read in the boardroom or an individual could read it in an organization or your mom could read it. There's something that we talk about adversity. We talk about others. We talk about a North Star, and we talk about, you know, what's happiness. Right? So I think there's a lot to be said. And it's really a prescriptive book. It's a it's really at the end of each chapter. Hey. Pause reflect. Where are you in this chapter? Are you on this journey? So I believe there's some in mindset is a hybrid book that can really help people's business and their personal life. I just felt in my life, it was time to take those experiences put them on paper. I felt it was worth saying. And a big believer in people, and I'm a big big proponent of others. And, being a servant leader. So that's what really caused me to write the book. And I'm really proud of the work I did with James C. Moore as a New York Times best selling author. And we did it together. And, it was a tough journey. It was different. Right? Never cut my teeth on something like that before, but I loved it. I loved it.

Steven Pesavento [00:10:07]:

I find that when you you go through a book and you're a reader and you're sitting down and you've got just an amazing amazing set of exercises in front of you. And you're asking those questions. There's so much that can be discovered. Whether it's a book or it's coaching or it's a course, what would somebody take away by going through your book and going through and and and discovering those things for themselves?

Scott Miller [00:10:33]:

Yeah. Look. I think an organization can only do a few things really well. I think people can only do a few things really well. As we started this conversation, What are you individually in pursuit of? What is your north star personally? What is an organization's north star? And I love to talk about this when it's overstated, but happiness to you. Right? People think happiness is a big house, you know, big car and a big big title. But happiness to me is even having this conversation with you, like, what set your soul on fire. What gets you up in the morning? We talk about your love and my love of the beach, right, my love of the mountains, your love of the mountains. So how do you define happiness? And I think what happens to a lot of folks in life, whether they're young in the middle of their life, or the towards the end of their life, they're kind of they've lost their mojo because they haven't really gone after what defines happiness for them. They haven't set that expectation. So I think if you take anything away from the summit mindset, This is a, you know, this is not a dress rehearsal. Right? We gotta do, really sets our soul on fire, what we love to do. And I think what happens to folks we kinda conform to life, and we kinda conform of where we are. And I I just wanna encourage people to have courage, right, be bold, you know, do what you believe makes you happy and have courage. I think it's really important. I think we have to get outside of our comfort zone. And I think my victories in life have come through struggle. The winner's circle, the work's done. It's really that the climb.

Steven Pesavento [00:11:59]:

Yeah. I think there's nothing more powerful than discovering who you are, what you're the best at, what you're not good at, what life's really about, and and for me, that journey, that path came after a lot of struggle, you know, a lot of hardship, a lot of difficult times And I found myself, I got into this this mindset, this mentality of more. I kept growing the business. I kept needing to have more. There was never enough. Wasn't celebrating those victories. And then I, you know, we all had the gift of COVID, and some people, didn't look at it like that. I ended up selling my house. I went out to Hawaii, and I was staying at this 9 Acre estate. It actually was the built by the Beach Boys. Beautiful home. And the owner of that building, was a man who had retired. He was a a a home builder back in back in the east. And He saw that that drive that never ending. Never enough mentality. And he asked me a question. He asked me what's your number? At what point will it be enough? At what point will you say I've you've made it, and you can enjoy the path. And that really, it it really stuck with me. It really made me sit down and think Well, what is enough? And so what I'm curious for you is what comes up when when I ask that question, what is your number, what point you've made it even the number itself unless you're comfortable sharing that target that you have, but what comes up when you think about that question?

Scott Miller [00:13:34]:

Well, I love the question. I'll share with you a little bit this this summer. I had a very tragic experience of adversity where I had someone who had been my driver for a long time and, you know, passed away while driving with me with a heart attack. And that moment, as I sat on the curb, and I thought about, how is my life? You know, if I didn't make it today, how would I be? And I believe as I reflect on that, I'm at the point in my life where I've achieved enough I know who I am as a human being. I know that what makes me happy, and I'm really comfortable in my skin. For all my imperfections and all my good qualities. So I think for me, I've always loved building companies. I love employing people. I love being a teammate. Always want to build a $1,000,000,000 business, and I'm on that path now as I'm building something new again. So for me, enough is about being in pursuit And that pursuit's being a good dad. My kids are grown now, being a good husband, a good human, and continuing to build companies and to be in pursuit and have purpose. So as I reflected this summer on that terrible tragedy, I felt my what life is enough because it's purpose driven, and I never wanna stop being purpose driven. I wanna be 90 to be purpose driven. As long as I have my mind, I wanna be purpose driven because only for me, that's that's what really sets my soul on fire. That's how I'm wired. Right? So, yeah, that that's why I would answer that. And I think as you reflect on whatever Versa you've been through, Steven, in those times, what we learn. And then we kinda, like, say, okay. How do we reset the path? You know, is something missing how we may what's our enough? What's missing? And, I've gotten to the point in my life where I'm doing the things I love, and I don't find anything's missing, but I wanna keep evolving.

Steven Pesavento [00:15:30]:

Yeah. Every time I get to that point where I feel like something's not right. I used to just push through it. I used to just fight through it. And I've been learning to flow through it instead, finding that past towards what's easy. Not necessarily going away from the hard thing, but what's that easier path towards allowing and attracting those things in because one of the biggest challenges that I've faced was was a death. Similar to yours. My, my younger sister passed away in a car accident, unexpectedly. And I had the gift of spending 2 weeks with her before and But that whole time, I was working. I was working on a summit. I had 800 people before COVID on a summit, and we were launching these things. And and I was excited about all those things. Then all of a sudden in a moment, the thing that you never think happens to you The thing you see on the news -- Yeah.

Scott Miller [00:16:26]:

--

Steven Pesavento [00:16:26]:

it's right in front of you. And all of a sudden, all those business things didn't matter.

Scott Miller [00:16:31]:

Right.

Steven Pesavento [00:16:31]:

And all of a sudden, you realize that maybe this conversation we have is our last conversation.

Scott Miller [00:16:37]:

Right.

Steven Pesavento [00:16:37]:

And we wanna enjoy it. We wanna connect that there's something more meaningful. And so for me, that's been been a really powerful realignment moment to be able to come back to that. Because everybody's dealing with something at some point. And we don't have to rate how much worse it is or better it is than what we've experienced. But as long as we're going out there, we have a purpose. We're trying to make an impact. We're trying to create a great life, and we're enjoying the process along the way. I couldn't think of a better way to live.

Scott Miller [00:17:08]:

Yeah. I'm so sorry to hear about your sister, and I agree with you. I think that what I've learned through time is life is as delicate as a blink of an eye. And if we kind of, in those moments, are reflecting and learning and asking ourselves, who are we and what do we wanna contribute and how do we wanna live That's the best way to live. Right? And we learn that not through the, you know, 800 people on the summit from the businesses. We learn that head in the valley, right? We learn that that same in forage by fire. And, you know, you can't sleep walk through those times. You have to be reflective through those times. So I think that's really important, and I think there's a lot of that in the summit minds of the book. And, like you said, we're all going through something. It's how we kind of evolve through it. And, you know, the last thing I'll say is it's part of living. Right? And I think sometimes we forget that. Like, we want the lottery. We want things to be perfect. But living's not perfect, man. And, you know, it happens to all of us. So if you understand that, it's just evolving through it.

Steven Pesavento [00:18:09]:

It's it's actually, I think the biggest challenge that we're facing as a society today is that a lot of people They've been they've been trained and taught, pleasure, immediate gratification, and we're going so we're we're doing everything we can to not experience pain, but sometimes that pain is exactly what we need to experience. Because that's where we really discover who we are and the greatness that's there and motivates us to go and do something bigger and better and greater in the world. For other people, for ourselves, for our families. And so if if anything, I think it's, you know, go towards it. Right? Like like lean into it.

Scott Miller [00:18:50]:

Yeah. You have to endure it. You have to learn through it. I haven't met anyone who's really interesting as a person who hasn't endured and leaned into that and been through that adversity. See. And, look, you and I both in our lives, Steven will go through more pain. We'll, hopefully, along that journey, understand how to lean into it more because we've been there before, and we didn't sleep through it. We were awake. We were learning and asking ourselves, hey. Is this how we wanna live? Are we doing enough? And to me, you know, I I will say that I think that we're we should all be stewards of giving back and serving people. And I don't mean that has to be grandiose. I mean, it's holding the door open, right, talking to your neighbor. It's the little things, and it's the big things. And, you know, those things are fulfilling. And I think through adverse So you you kinda you're always recalibrating because like yourself, I'm a hard charging guy and, you know, I like to work out. I like to run. I like to build businesses, but what's really important, right, That's why the summit mindset was important to me, writing that book was important. I wanted to put my thoughts onto paper. I wanted to talk about some adversity. And I wanted to talk about the human side of life. And I think that can be talked about in organizations to an extent as well. I think vulnerability as leaders can be a strength.

Steven Pesavento [00:20:03]:

Let's talk about the book. I wanna do a little side quest here into the book and talk a little bit about one of the lessons or the stories I'd love it if you'd share with us kind of one of your favorite, one of the most impactful lessons from that book so that the listeners and myself can kinda get an idea of of the way that you've put this together and and and walk away today with something that they can run with.

Scott Miller [00:20:27]:

Yeah. Great. I think that, you know, as I've gone in and run organizations. I've run them in two ways, turning them around or setting them up for the sale process. And I'll talk about my most recent at Ascension. Essentially a great brand filled with great people. Premium Water brand, alkaline water can obtain the founder of that brand started 22 years ago. And I went in as a CEO to help him set that business up for sale. When I went into that business filled with great people, I asked him who they were. What they were trying to achieve. Now what I found was great people, but a very fragmented organization, siloed different departments all doing separate things. And I talked about a North Star, and I said, let's do this together. Let's do it as a senior team. Let's have a town hall meeting. Let's have all our employees talk about it. Let's vote on what our north star is. And our north star became to be the number one premium what in North America. And we achieved the number 2 spot, smart water being the only water in front of us, and sold an exited bid business to Nestle the largest food and beverage company in the world. And, you know, when you're taken over by a big company like that and I stayed and integrated, they were filled with great people too. Great resources, but this tiny but mighty essential team have a vision for what they want to be And during the senior leadership means we shared our vision to be the number one premium water. We shared our pillars being people first, right, during COVID at Ascension, during the lockdown, we gave $5000 to each employee with children 16 years of younger. Help them for homeschooling, to get a computer, to get a desk for the house. People first became an action. We lived it and breathed it. So culture can't be a plaque on the wall. You have to live and breathe it, and you have to have a North star. When we woke up every day at Accenture, we are in pursuit to be the number one premium water. The end of the week, we talked about how we were doing. It's kinda like a life. How's the weather? Well, in an organization, what's your north star? And once you do that, that becomes your weather bill to be the number one premium water, and we galvanize as a team. And what you saw is a finger pointing stopped, how we problem solve together, house departments, we we shared learnings. We cross functionalize problem solving. That's because we are all pursued the same goal. So to me, that is one of my most recent experiences to see human beings come together under one cause.

Steven Pesavento [00:22:55]:

When when somebody goes through that process of discovering that focus point, I think there's nothing more powerful for an organization or a family or a group of people who are working closely together, what are questions that can be asked to help bring different viewpoints from that team so that everybody feels as if they're contributing towards creating that vision.

Scott Miller [00:23:19]:

I love it. I think that, 1st of all, you have to let everybody know everyone's a valuable voice that nothing you're gonna be set, you're gonna be penalized for. And the organization has to believe that. Right? Cause if that's culture, there's a plaque on a wall they call b s on it. So I always like to talk about what do we stink at? Let's start there. What are we not good at? Like I talked earlier, I think you do that organizationally and do that individually. Now when we figure out what we stink at or what we suck at, How do we create consistency there? Do we have a supply chain problem? How do we get better at it? Do we have a communication problem? Communications typically the easiest thing, but it's the hardest thing. Right? It's kinda like common sense. It's not that common. How do we step up our cadence on communication? When we can vulnerable talk about our weaknesses, we all know our strengths. We know we're good at. That's happening almost naturally. Our weaknesses are struggle. They're bone on bone. That's when you start to see the team say, wow, okay. We're gonna solve this. We're gonna do it together. That's when they feel shared buy in. And I think that's really important. I love what we stink out. I think it's an inside out job, organizations, And quite frankly, I think it's an inside out for individuals. Right? Some days, I'm great at things. Other days, I stink at things, but that's just limited. And when you can be that vulnerable, people feel, hey. We're all human. Let's roll the book together. Let's figure out what's not working. Let's solve it. And when you do that, I always say it's never about one of us. It's about all of us, but you gotta live it. You gotta really believe it, and you gotta let people give their opinions. Right? You gotta let them have that valuable voice. Look. We all spend a ton of time at work, and that should be productive time. And I always say, when you shut the lights up at the end of the week, you should feel you added value this week.

Steven Pesavento [00:25:05]:

What do you say to the people who they have a fear of sharing that. They have a fear of answering that question. Maybe it's an internal fear. Maybe it's something that they experience at some point in their life, but they have a block, and they can't seem to wrap their head around saying that out loud and being honest with them. What would you say to help them work through that to to get to the point where where they can really know themselves and be able to share that with others?

Scott Miller [00:25:32]:

Great question. I think you first have to start with, consistently find someone in your organization or colleague that you could talk one on one with. And then in a town hall meeting, when there's a town hall, if you have this kind of communicative spirit in the organization, ask a question, and get an answer. And I always say practice like you play. If you wanna get better at something, make it a consistent habit. Right? Organizations have good habits, bad habits, sort of human beings. So if you have that fear, do it really small one on 1, then do it a little bit of a larger group, but make it a consistent part of what you're doing on a regular basis because as you know, Steven, through time and repetition, we all get more comfortable. The less repetition and the less, you know, consistency, we're uncomfortable. So you know, lean into the struggle a little bit, you know, grow when you're uncomfortable, start it really small for all walk run. And I think when you take over an organization, in the beginning in town halls, it's crickets. Right? Who's the new guy? I don't really wanna speak, but through time when someone asks a tough question, they're not penalized and there's a back and forth. All of a sudden, you go from one participant to 5 to 50 participants. Now you start to see our organization and say, hey. I believe in this. It's real.

Steven Pesavento [00:26:43]:

That's the key, right, is is that individual who is fearful of sharing that or the collective that's fearful of sharing that. It's because there hasn't been an environment where that cultural belief was real. They shared that fear. They shared that feeling. They shared that thing they weren't good at, and they got penalized for it. They got in trouble. They got whatever the consequences were. But once you can start creating that safety in a one on one connection, in a group connection as a full team, you start seeing a shift happening where people are willing to take risks. They're willing to speak up. And in a business environment, that's critical It's just as critical in your own personal relationship. So that's what's so beautiful about learning these leadership skills that you're talking about, Scott, is that they apply not only in the world of entrepreneurship and running a business, but they play in everyday life.

Scott Miller [00:27:38]:

Yeah. I fully agree with you, Steven. That's why business needs about individuals and organizations. And I think that everyday life, teammates are important and work on these things and talking about them and figure out ways to become more consistent, that becomes your greatest asset. Right? But people have to feel comfortable, and they have to believe it's addict. They have to feel the authenticity of it.

Steven Pesavento [00:28:03]:

Well, this has been this has been amazing, Scott. It's been great being able to dive into some of these things with you as we kind of get to the end of the show and we we begin to wrap up. I have one last question for you. Before I get there, will you share with the audience how they can get in or kind of follow along or find their way towards buying the summit mindset?

Scott Miller [00:28:23]:

Yeah. The summit mindset can fund on our splash page, our website, summitmindsetthebook.com. You can find us on the summit mindset Instagram as well. We're also available on Amazon or where our books are sold. So I look forward to people picking it up, reading it, and pausing a little bit. And as we talk today, looking at some of those intersections and doing some work.

Steven Pesavento [00:28:43]:

Yeah. I'm excited. I'm excited to dive in. I'm excited to hear some feedback from the listeners on all the great lessons they take away. Well, as we as we wrap up here, The question I have for you is is around this idea of creating a great life, whether that's through building a business, whether that's through investing, This goes to those people who they're they're working in a job. They don't love. They're making good money, but they're not really sure. They want to find that path towards that next thing, that next chapter, that thing that they can be excited about, they can be motivated about. They can be clear on who they are and how they're gonna show up What advice do you have for those people who want and know that it's possible to create something better, but they haven't taken the action to get there yet.

Scott Miller [00:29:30]:

Yeah. It's an excellent question. I think the first thing individuals have to do is who are you? Who is Steven? Who is Scott? You know, what is your neurostar? What do you wanna be in pursuit of your life? And then you have to decide to take action against that and begin consistent every day to do that work. I think that consistency is a magic bullet, right, and also define what your pillars are, what you're willing to do, and what you're not willing to do. And then I encourage people, as I said earlier, to really have courage. To be bold and to do the work every day, to dream awake, and make that vision a reality. Look, it's hard work. It's not easy. But if it was easy, everybody could do it, but here's the point, Steven, everybody can do it. But first, they have to decide what they're actually purse in pursuit of And I think folks often don't know what they're in pursuit of. So aligning what you're in pursuit of and then doing the consistent work, doing the reps every day, and just staying on that focused vision. Right? It's not a straight line.

Steven Pesavento [00:30:30]:

Well, this has been super great. Scott Miller Thanks so much for joining us. Thank you to all the listeners who have continued to support the podcast and continue to listen. I want you guys to reflect on today's conversation to ask yourself the question, what today did I hear that I can implement in my life today and make a commitment and go forward and work towards creating a really beautiful life. Thanks so much, and have a beautiful day. Thanks for listening to the investor mindset podcast. Make sure to hit that subscribe button. If you'd like to watch another, here's one up top, and here's another great video right down below.


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